World Business Briefing | Asia: South Korea: Bond Plan Scrapped

By Don Kirk (NYT)

Published: June 14, 2001

Hynix Semiconductor, which has been trying to raise $1.25 billion to ease its debt burden, said that it had dropped plans to raise part of it by selling $350 million in high-interest bonds; the whole amount will come from stock sales instead. Analysts said Hynix Semiconductor might have to price the stock at a deep discount. Don Kirk (NYT)